QRG Capital Management Inc. Buys 1,596 Shares of Nutanix, Inc. (NASDAQ:NTNX)

QRG Capital Management Inc. lifted its position in Nutanix, Inc. (NASDAQ:NTNX) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,078 shares of the technology company’s stock after purchasing an additional 1,596 shares during the period. QRG Capital Management Inc.’s holdings in Nutanix were worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Nutanix during the 4th quarter valued at $6,052,000. Gulf International Bank UK Ltd purchased a new position in shares of Nutanix during the fourth quarter valued at $949,000. Simmons Bank raised its holdings in shares of Nutanix by 64.5% in the fourth quarter. Simmons Bank now owns 7,075 shares of the technology company’s stock valued at $433,000 after acquiring an additional 2,775 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Nutanix by 2,463.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 209,546 shares of the technology company’s stock worth $12,820,000 after acquiring an additional 201,372 shares during the period. Finally, IFP Advisors Inc lifted its stake in Nutanix by 60.7% in the fourth quarter. IFP Advisors Inc now owns 55,842 shares of the technology company’s stock worth $3,416,000 after acquiring an additional 21,089 shares during the period. Institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTNX. Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.79.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,917 shares of company stock valued at $12,647,901. Insiders own 6.80% of the company’s stock.

Nutanix Stock Down 0.5 %

NTNX opened at $77.08 on Wednesday. The company has a market cap of $20.65 billion, a P/E ratio of -220.23, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. The firm’s 50-day moving average price is $67.49 and its 200-day moving average price is $64.74. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.